How “Goods and Service Tax” will Impact Logistics and supply chain Industry in India

Abstract

Logistics is a small but major part of supply chain management that concerns the administration of goods distribution in an efficient manner. These papers initially look at the effect of GST on logistics and then identified that how it impacts the broader domain of supply chain management. With the implementation of the Goods and Services Tax (GST) from 01 July 2017, business units across the country are beginning to feel its impact. Since the GST has alone covers all other taxes, such as service tax, VAT, Octroi, excise duty etc. collected by the central and state governments in India, the reforms are extensive. Their impact too is comprehensive and is expected to continue well into the future. Like all other industries in India, GST impact on logistics and supply chain will also bring some major changes in the way these domains operate, as well as their bookkeeping activities.